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HB 480/AA (BR 115) - B. Yonts, L. Belcher, J. Crenshaw, T. Edmonds, C. Embry Jr., K. Hall, B. Montell, T. Moore, D. Osborne, R. Palumbo, T. Pullin, T. Thompson, A. Wuchner
AN ACT relating to Best in Class loan forgiveness and declaring an emergency.
Amend KRS 164.769 to require the Kentucky Higher Education Assistance Authority to give priority in the use of teacher scholarship program funds to loan forgiveness for teachers who were accepted into the Best in Class program prior to June 30, 2008; create a new section of KRS 164 to define the Best in Class program and to require the authority, if insufficient funds are available for loan forgiveness, to establish a schedule for loan payment over a ten-year period; EMERGENCY.
HB 480 - AMENDMENTS
HCA (1, C. Rollins II) - Replace "were accepted into the Best in Class Program" with "have outstanding loan balance eligibility for Best in Class loans issued"; add nurses and public service attorneys to eligible participants; establish a 30 year repayment schedule for participants if there are insufficient funds for loan forgiveness; urge the Governor to use discretionary funds from the federal American Recovery and Reinvestment Act to provide loan forgiveness to eligible program participants.
HCA (2/Title, C. Rollins II) - Make title amendment.
HFA (1, B. Yonts) - Replace "were accepted into the Best in Class Program" with "have outstanding loan balance eligibility for Best in Class loans issued"; add nurses and public service attorneys to eligible participants; establish an option for participants to negotiate an extended repayment schedule consistent with federal requirements if there are insufficient funds for loan forgiveness; urge the Governor to use discretionary funds from the federal American Recovery and Reinvestment Act to provide loan forgiveness to eligible program participants.
HFA (2, B. Yonts) - Replace "were accepted into the Best in Class Program" with "have outstanding loan balance eligibility for Best in Class loans issued"; add nurses and public service attorneys to eligible participants; establish an option for participants to negotiate an extended repayment schedule consistent with federal requirements if there are insufficient funds for loan forgiveness; urge the Governor to encourage the Congressional delegation to provide American Recovery and Reinvestment Act or other federal funds to assist the Kentucky Higher Education Assistance Authority in providing loan forgiveness to eligible program participants.
Feb 23-introduced in House
Feb 24-to Education (H)
Feb 27-posted in committee
Mar 3-reported favorably, 1st reading, to Calendar with committee amendments (1) and (2-title)
Mar 4-2nd reading, to Rules
Mar 5-floor amendment (1) filed ; posted for passage in the Regular Orders of the Day for Friday, March 6, 2009
Mar 6-floor amendment (2) filed ; 3rd reading, passed with committee amendment (2-title), floor amendment (2)
Mar 9-received in Senate; taken from Committee on Committees; 1st reading; returned to Committee on Committees (S)
Mar 10-taken from Committee on Committees; 2nd reading; returned to Committee on Committees (S); to Education (S)
Mar 12-reported favorably, to Rules as a Consent Bill
Mar 13-posted for passage in the Consent Orders of the Day for Friday, March 13, 2009; 3rd reading, passed 38-0; received in House; enrolled, signed by each presiding officer; delivered to Governor
Mar 24-signed by Governor (Act ch. 93)
Vote History
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